SG Americas Securities LLC acquired a new position in Western New England Bancorp Inc (NASDAQ:WNEB) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,171 shares of the financial services provider’s stock, valued at approximately $112,000.

A number of other hedge funds have also recently modified their holdings of WNEB. BNP Paribas Arbitrage SA grew its holdings in shares of Western New England Bancorp by 525.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,407 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 4,542 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Western New England Bancorp by 346.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,660 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 7,494 shares during the period. Essex Financial Services Inc. acquired a new stake in shares of Western New England Bancorp during the 4th quarter worth approximately $152,000. Bank of America Corp DE grew its stake in Western New England Bancorp by 34.6% in the 4th quarter. Bank of America Corp DE now owns 26,725 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 6,876 shares during the period. Finally, First Trust Advisors LP acquired a new stake in Western New England Bancorp in the 4th quarter valued at $310,000. 52.60% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Western New England Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. BidaskClub lowered Western New England Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Western New England Bancorp presently has a consensus rating of “Hold” and a consensus price target of $10.75.

NASDAQ WNEB traded up $0.06 on Wednesday, reaching $9.32. The stock had a trading volume of 187 shares, compared to its average volume of 56,365. Western New England Bancorp Inc has a 1 year low of $8.50 and a 1 year high of $11.25. The company has a market capitalization of $251.20 million, a P/E ratio of 16.64 and a beta of 0.21. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.03.

Western New England Bancorp (NASDAQ:WNEB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Western New England Bancorp had a return on equity of 6.81% and a net margin of 18.14%. The business had revenue of $16.50 million during the quarter, compared to analysts’ expectations of $17.01 million. On average, equities analysts anticipate that Western New England Bancorp Inc will post 0.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.20 dividend on an annualized basis and a yield of 2.15%. Western New England Bancorp’s dividend payout ratio (DPR) is presently 35.71%.

In related news, SVP Darlene M. Libiszewski sold 3,275 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $9.93, for a total value of $32,520.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William J. Wagner sold 57,372 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $9.90, for a total transaction of $567,982.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,147 shares of company stock worth $615,309. Company insiders own 5.22% of the company’s stock.

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Western New England Bancorp Profile

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, savings, business and municipal savings, money market and business sweep, and individual retirement accounts; time deposits; term certificates of deposit; and interest on lawyers trust accounts.

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Institutional Ownership by Quarter for Western New England Bancorp (NASDAQ:WNEB)

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